Aspen Technology Bullish Moving Average Crossover Alert (AZPN)

Written on Fri, 08/11/2017 - 10:38am

By Shiri Gupta

Aspen Technology (NASDAQ:AZPN) crossed over its 10-day moving average of $57.33 on a volume of 436K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Aspen Technology share prices have been bracketed by a low of $37.39 and a high of $64.34 and are now at $57.76, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Aspen Technology and will alert subscribers who have AZPN in their portfolio or watchlist when shares have changed trend direction.